Loading...
Docoh

Agree Realty (ADC)

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of December 31, 2020, the Company owned and operated a portfolio of 1,129 properties, located in 46 states and containing approximately 22.7 million square feet of gross leasable area.

Company profile

Ticker
ADC, ADC+A
Exchange
CEO
Joel N. Agree
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Agree Limited Partnership • 20639 Center Ridge Road, LLC • ADC Express, LLC • Agree 117 Mission, LLC • Agree 2016, LLC • Agree Beecher, LLC • Agree Bristol & Fenton Project, LLC • Agree Central, LLC • Agree Chapel Hill NC, LLC • Agree Columbia SC, LLC ...
IRS number
383148187

ADC stock data

Calendar

2 Aug 22
18 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 27.11M 27.11M 27.11M 27.11M 27.11M 27.11M
Cash burn (monthly) (no burn) 13.44M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 22.13M n/a n/a n/a n/a
Cash remaining n/a 4.98M n/a n/a n/a n/a
Runway (months of cash) n/a 0.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Aug 22 Nicole Witteveen Common Shares Payment of exercise Dispose F No No 78.97 53 4.19K 7,492
8 Apr 22 John Rakolta JR Common Shares Buy Acquire P Yes No 68.09 213 14.5K 213
23 Mar 22 Joey Agree Common Shares Buy Acquire P No No 64.23 1,560 100.2K 482,848
22 Mar 22 Joey Agree Common Shares Buy Acquire P No No 64.03 1,749 111.99K 481,288
13F holders Current Prev Q Change
Total holders 327 315 +3.8%
Opened positions 52 36 +44.4%
Closed positions 40 42 -4.8%
Increased positions 145 141 +2.8%
Reduced positions 86 98 -12.2%
13F shares Current Prev Q Change
Total value 6.15B 5.17B +19.1%
Total shares 85.36M 77.62M +10.0%
Total puts 48.1K 81.4K -40.9%
Total calls 48.3K 48.3K
Total put/call ratio 1.0 1.7 -40.9%
Largest owners Shares Value Change
BLK Blackrock 14.36M $1.04B +3.1%
Vanguard 11.85M $854.52M +3.4%
PFG Principal Financial Group Inc - Registered Shares 6.19M $446.46M +3.2%
STT State Street 4.53M $328.06M +5.1%
Centersquare Investment Management 3.37M $243.34M -11.4%
DB Deutsche Bank AG - Registered Shares 3.13M $225.65M +45.6%
MS Morgan Stanley 2.55M $183.81M +46.2%
Geode Capital Management 1.58M $114.27M +4.7%
DSECF Daiwa Securities 1.32M $95.1M -0.8%
CNS Cohen & Steers 1.3M $93.58M -0.8%
Largest transactions Shares Bought/sold Change
American Century Companies 982.43K +982.43K NEW
DB Deutsche Bank AG - Registered Shares 3.13M +979.27K +45.6%
Wellington Management 965.48K +965.48K NEW
JHG Janus Henderson 886.17K +873.24K +6750.4%
MS Morgan Stanley 2.55M +805.35K +46.2%
PRU Prudential Financial 838.1K +750.65K +858.4%
GS Goldman Sachs 926.32K +601.07K +184.8%
LGEN Legal & General 0 -587.53K EXIT
Aew Capital Management L P 587.02K +587.02K NEW
GW&K Investment Management 968.94K +483.27K +99.5%

Financial report summary

?
Management Discussion
  • The Company’s real estate investment portfolio grew from approximately $3.9 billion in gross investment amount representing 1,262 properties with 26.1 million square feet of GLA as of June 30, 2021 to approximately $5.1 billion in gross investment amount representing 1,607 properties with 33.8 million square feet of GLA at June 30, 2022. The Company’s real estate investments were made throughout and between the periods presented and were not all outstanding for the entire period; accordingly, a portion of the increase in rental income between periods is related to recognizing revenue in 2022 on acquisitions that were made during 2021. Similarly, the full rental income impact of acquisitions made

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Bad
New words: volume
Removed: CAM, realizing